Upon completion of underwriting a deal’s operational aspects, most investors will want to add financing to their investment to maximize returns. This can be complicated due to varying loan parameters and structures, but Assess makes it simple.
A permanent loan – a long term loan (10+ years) used to finance your property – is one of the primary types of financing that you can incorporate into your Assess models. A permanent loan commonly pays off a previous, outstanding long term or short term loan (e.g. a bridge, construction, or permanent loan).
Assess gives you a multitude of input options, including the ability to enter any number of loans in succession. This allows you to cover bridge to perm financing scenarios, refinance scenarios, and any other scenario requiring multiple successive loans.
To enter a permanent loan, add a new loan and select the Permanent button under “Type.” Contextual uses, sizing, and repayment input options will then appear for the new loan.
Inputting loan details
These intuitive input choices, including more specific options such as held back funding and debt yield loan sizing, support the precise modeling of a wide variety of loan types. To take a deeper dive into Assess financing features, visit our knowledge base.
See Permanent Loans in Action!
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Argus is counting down the days until it stops supporting Argus DCF, but Assess+RE has been busy building tools for the future. A couple of weeks ago, we were excited to announce the launch of deal sharing, and today we introduce Argus DCF imports!
Our Argus DCF Import tool is designed to make the move to Assess as simple as possible. With a simple drag and drop, you can now import existing property data into new projects on Assess. All of the most time consuming inputs, including operating expenses, rent roll, acquisition and sale, address, rentable area, inflation, and vacancy losses, are automatically populated in your new Asses properties. We’ve written easy guides for both how to export your projects from DCF and how to import those projects into Assess. Each step takes only a few minutes, and allows you to migrate your business as quickly as possible.
Three easy steps:
- Prepare your Argus DCF files for Assess
- Import existing properties into Assess
- Update remaining assumptions and optional details, such as reimbursements and financing
- Reach out to Assess with any questions or to let us know what you think!
If you have an account, log in now and try it for yourself. If not, start a free trial today and check out how easy it is to make the move from Argus DCF. We can’t wait to welcome you to Assess+RE and show you how much time and money you can save doing your deals with us.
As always, we’d love to hear what you think – get in touch through the in-app chat or drop us a message at email@example.com.
Today we’d like to announce the launch of a major feature on the Assess+RE platform: Deal Sharing.
You asked for it, we built it
Following our launch we heard many new feature requests, but one was the most requested by far: deal sharing. Every modern deal involves the participation of investors, lenders, brokers, appraisers, and entrepreneurs who need fast and simple communication, reliable data security, and tools that are available to anyone on any device. You told us that it was about more than sending data around – it’s the most powerful tool that you need to manage your business, your investment opportunities, and your communications.
We’re excited to introduce our new knowledge and support resource: the Assess+RE Help Desk. The Help Desk is an in-depth reference with answers to your questions about real estate finance concepts, the Assess+RE platform, and your Assess user account.
Today we’d like to kick off a regular segment that highlights key features we’ve built for Assess+RE. Our product team is constantly thinking about ways to minimize frustration and time spent on inputting assumptions so you can spend more time analyzing your deals.
This week, we will take a look at three features: Vacant Space MLA, Renewal Probability, and CAM Reimbursement Groups.
When I meet real estate finance professionals who use the incumbent tools in our industry, their first question is always “Can Assess do X, Y, and Z?”. After I reply that it can, the next question is always “So how much does it cost?”. To their surprise, we are able to offer our product at a price an order of magnitude lower than any competitive product in the space, with plans at $100/month and $1000/year. This may seem implausibly low, especially for funds that have hundreds of millions in assets under management, but for us this is business as usual.
In this article, I’ll review how Assess+RE leverages cloud-based technology to do what no one else has managed to do: revolutionize financial modeling and underwriting while making it accessible to everyone, not just to the few who can afford it.